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produce 50 of the out put and people are driving in the economy but economic stagnation and federal gridlock are skooegz the federal government service. add in the pressures of rooirz temperatures and the countries face to daunting channels. urban america needs a new playbook and we'll take a look at that. we have 3 guests mayor ed lee. and the president of the urban management one of the countries largest home bindles and a co- author of how the city's are fixing our fragile developed. please welcome them to planet one. (clapping). thank you gentlemen all for coming. bruce cats let begin with you. we'll get down to some specification. you write that the great recession was a rude way. call thrills about that. first of all, that you for letting me be here. i think what led to the great recession was a miss guided growth model which basically said we can grow an economy consumed by department and focus on the meveng around homebuilding but the funds would tells us we need to grow an economy and debris i quite frankly as president in the region it's fueled by ideas and manufacturing
the economy as a whole. this is the van ignore of the industrial reluctance we want to be at the head of it. we talk about portland. portland actually doubled exports in - >> in san francisco we don't think of that (laughter). >> i'm sure how san francisco would respond to that we're weirder but portland is betting on a because they were so smart at the metropolitan scale a tear down the freeway in the 70s they've attracted a lot of firms t 3 sell services. their brand is we build green cities. they're saying to the latin medical examiner cities you can break out and we can help you plan and supply those products. we innovative in the economy while export those services and products good jobs and a very different model. you know, i think we need to get beyond labels. the most of come out of washington, d.c. they're mostly ideological about what the economy is. we're mapped it, it's productive and cities will get about the business of developing fuels >> i want to follow up on cars you note in 1983 half of the americans have driver's license and only 29 percent today perhaps more cities
side and what it does it our economy and families and our community and i've seen the incredible force that enterprises bring to revitalize our community and to hire talent from within and aboard. i've seen great entrepreneurship by welcoming talented folks from aboard so reforming the immigration system i hope i'll get a chance to be part of it. and we're looking forward to putting together a team and rolling out the historic reform of that system >> thank you for this conversation. >> thank you to our san francisco chamber of commerce and business forward and sf city for co- hosting this town hall. i'm eager to hear from the other companies about their stories of immigration. tell us your own stories. we're to start with you the ceo of illuminate. >> so my story is not any more special then the stories of what you've heard. you group in india. i gave a shout out and my family really believes in education and the empowerment through education. there is a certain resistlessness and get out of your comfort zone and explore other things. that's how i got here. the path is not easy it's
right. mayor ed lee has worked hard to keep san francisco economy and recovery on track and create jobs for san franciscans. he makes a city like san francisco to celebrate diversity in education and health care and in the environment for future generation. mayor ed lee began his career as a civil rights attorney he later served as a director of the human rights commission fighting for people then as director of the public works and later as city administrator now as mayor of san francisco he continues to fight by implementing services that help our most vulnerable community. i'd like to welcome to the stage the houshlg may have san francisco mayor ed lee. (clapping.) >> thank you very much. good evening, everybody and welcome to the people's palace. well, this is tonight i'm excited to be here it's an honor to be here to celebrate the ninth american heritage indian month no san francisco celebration of the awards. i wanted to thank not that all of you are here but for k q e d for the sponsoring of local heros. this is important because your city is all about diversity and i want to ma
or exposure to san francisco. everyday we witness the birth of innovation and models with the clean economy and the -- excuse me, with the green collar jobs that come with that. we know that the green energy economy can have a market transformation as the it1 we are experiencing here in san francisco but in order to do that we as a city must provide strong demand for energy efficiency and renewable products. that catalyst is greenfinancesf. we have seen other parts of the state of california that have adopted residential programs to great effect recently most notably sonoma and others. and we now know the stories of individuals that have chosen to participate in these respected pace programs and seen the successes that they have encountered. we know these upgrades can save money not only on repair costs and energy services and also monthly energy bills to the tunes of thousands of dollars saved per household. from the beginning we wanted to insure this policy and finance tool have a strong work force component tied to it that put residents to work in this thrg. we can be partners in th
the economy probably added around 173,000 barrels last month alone. we will preview friday's government report. we have international trade coming along with productivity and cost. at 10:00 a.m., we get new home sales and ism nonmanufacturing. finally this afternoon we have the fed's beige book. 21 of the 30 dow components actually declined yesterday. the blue chip index dropped for a third straight day. this was a little bit of a drop because, again, three days in a row we haven't seen anything like that in several months. if you're wording about investor securities, the gauge rode to a six-week high. this morning, u.s. equity futures are indicated up slightly, up by about seven points. s&p futures down by over a point. nasdaq up about a point. and the ten-year note, this is what we've been watching so closely. the ten-year note at some point is yielding 2.8%. >> exactly. >> that's been driving the direction for a lot of these things. moving up yesterday was around 2.78. but 2.8 is where people start to sit up and take note. >> just under 16,000. vix at 14. ten-year, 2.8%. i'm not ready to sa
the last minute hitches. some estimate it will boost world economy by 1 trillion-dollar and create more than 20 million jobs. we're looking at details in just a moment. but first we have reports from indonesia. >> reporter: it was an emotional moment after a dramatic four-day long meeting in ballet. the unexpected wa, and suddenlyt was possible. >> the countries of the wto has accepted a deal that will bring down trade barriers worldwide. it could bring a broader agreement in the years to come. also custom procedures will be more transparent, which should make trade cheaper and developing countries like indonesia are allowed to protect their farmers and poor people with basic food subsidies. india was blamed for not backing down on its food security plan. many in the united states were worried it would effect world market prices. >> i view as a victory for the farmers for the entire developing countries, and there is also a coalition of developing countries that entry waindiawas able to put togetherh its partners demonstrated solidarity and achieve this. >> not every is happy with the d
and the economy. the data now raising concerns over what can still be accomplished in his next few years as president. joining us now is our political panel angela mcgrewen, fox knew political analyst, and ronow molono. the president used to enjoy euphoric ratings. now his approval rating is abysmal on all kinds of issues. so ways happening overall? why is this happening? what kind of take do you look at this -- what prism do you look at this through, angela? >> the bottom line is this. are you better off today than you were four years ago? most americans that elected this president yet again, now they're having buyers remorse, because most americans are not better off. if you look at the unemployment rate at 7% but for the black community, last check, it was 13%. the hispanic community has not lowered that much and for women and young adults, if you have a college degree, kelly, most people don't have a job today, so people are looking at this situation and though the president is a great orator, a great politician, motivational speeches do not make a more prosperous america. >> when yo
bodies to reinforce our collective plan to have a thriving economy. we share best practices and collaborate to educate the public. and we've realized on many of you who are in the audience. let's get back to where i started people who are crazy enough to think they can change the world do we have them here from leader nancy pelosi who has been protecting the environment to mayor ed lee who is building the extension programs who has helped to there our focuses and effectiveness and strengthen our role 90 in government and the architect is being trormd. we should all take heart from their transformational change. we've shown we can continue our focus to our values we'll indeed have an impact on the federal government in the lives of the american people and hopefully on the world stage where america continues to lead. now we have a woman who needs little introduction nancy pelosi is the representative for the one hundred and 31st congress reforming the political system to create clean campaigns and concocting reforms and slurring the neighborhoods and scalds. from 2007 to 2011
hundred in sf. we're committed to growing the local economy and maintaining a strong connection to our san francisco lines. when looking for a new headquarters it was location, location, location. we needed somewhere to provide easy access to lots of local businesses and restaurants and remain convenient for mass transit riders and bike riders a lot of our employees ride bikes. combrem is pack at about local plays and celebrate the distinct active and unique. we want to have this into a more than workplace. talking of resident at the 130 montgomery is an important milestone. we'll celebrate our tenth anniversary next year. i'm privileged to introduce yelp leader our 2kwishd nancy pelosi (clapping.) and what on a honor to be your representative in congress. thank you jeremy. your leadership and your sense of community and for staying in san francisco. i'm honored to join you and your colleagues especially our mayor who has a relationship with this part of the whole city, of course, but this was his baby and he's done a remarkable job. when we cut relishes at another that i have i tip my hat
and transitional is an important part of our city to be able to compete in an economy. so the mayor and i have the honor of going to all the ribbon cuttings participate in the south of middle market. this is the first incubator space we're coming to which is an international collaborative workspace. i was speaking with some of the employees how many of us came to san francisco 13 years for the first dot come boom. many folks went from the colleges to the hot economy at that time. of course, we had the bust will cycle that followed and we're seeing something that's exiting the diversity of the economies and the businesses are incredible. this is excited about this step we're seeing on international collaboration this notice not just in san francisco but in asia. i'm sure you're aware it's been the mayors responsibility to collaborate to share ideas together. that's how innovative business and products are going to be created and brought together for our people. so i'm also here on behalf of the 11 members of the board of supervisors to welcome digital garage d g 717 to the south of market. i ha
in lieu of to witness the clean up air energy economy we know this could trigger a market transformation for the evolution we're witnessing but in order to unleash the potential we must provide the cat lift for a are you unnecessarily product and services. that catalyst as i mentioned it green finance sf. we've seen other parts of the state here in california that have adapted pace programs like in riverside county and have each year the positive impacts. we know the stories of individual that have benefited from the pace programs. we know those upgrades can save money for crucial home improvement projects but illuminate bills. in the future it was important for mayor ed lee and i to make sure this finance had a strong workforce component. we had meetings with our partners in labor to start the conversations and we know that training and employees for jobs in the many energy economy is key to keeping them employed but helping them find meaningful careers and building their families within your borders. we have clean energy we want our workers to benefit. we're going to continue to work f
forward, not only the turnaround in the united states in the terms of the economy but the globe. the only thing that concerns me about the emerging markets is if the feds does start to taper back what is that going to do to those emerging markets and are they at more risk as a result of a fed pullback? >> any kind of rise in interest rate is going to kill in emerging markets. we've seen that so far. here's what i'm optimistic about. maybe an early budget deal, maybe obama care gets less messy. little optimistic maybe. maybe the economy gets better incrementally. here's the thing the thing is going to turn on. can janet yellen pull off the great deal, convince the world tapering is not tightening? does she have that power and influence? that's the wildcard. >> i don't think -- see i think the market will make that decision, because we've seen that with ben bernanke and the current fed. they've tried to say taper isn't tightening but the market is going to make that interpretation and that's going to be the struggle for the fed next year. >> the honeymoon will be very short, very short hone
blast. we begin tonight with inequality in the economy and the dangers to young americans. president obama says 10% of the population is now taking home half of the nation's income. he warns the growing canyon between rich and poor is destroying the economy, and threatening the american dream. president obama -- >> the top 20%, has about a two in three chance of staying at or near the top. a child born into the bottom 20% has a less than one in 20 shot at making i.t. to th -- making o the top. he's ten times modifier likely to stay where he is. >> president obama states statistics that shows the average american income is shrinking. the president asked the congress to raise the minimum to $7.10 an hour. encouraging government dependence. white house correspondent mike viqueria joins us with more. mike, why the speech and why now? >> it's a great question john. first of all the facts that the president and the statistics that the president cited are beyond dispute. there is a growing income disparity in the country. the top 1% has seen their incomes triple, the lower middle class has
economy involving technically legal inlaw units between world war ii and 1960, there were 20 to 30 thousand in-laws were built, today it'sest mated there are 30 to 40 thousand technically illegal inlaw units, who lives in these in-laws? we know the individuals who live in them are tenants who are typically immigrants, seniors, families and there is a disproportionately high number of children as well as some of our city's lowest income and longest term residents. they live in very affordable units but lack tenant rights. a study in district 11 showed that 45% of residents and in-laws don't even have written leases with their landlords. for many year, there have been significant calls for legalization, inlaw secondary units are simple and cost effective methods of increasing our cost effective supply, organizations from spur to the housing action coalition and tenant organizations have encouraged our city to consider legalization, but unfortunately, we have had a don't ask, don't tell policy, we have turned a blind eye to inlaw policies, it has eliminated an average of 100 in-laws e
fortunate too witness emerging models that that has become our clean energy economy. we know it can trigger market transformation s*us u just as the it transformation we're currently experiencing, but in order to unleash this true potential, as a city, we must provide callus stronger demand for renewable energy products and services. the catalyst is green finance sf. we receive seen in other parts of the state in california that have adopted residential pace programs, in sonoma and riverside county and is have seen the positive impacts that have followed further residents in their local economy. the stores of individuals that have chosen to participate in the respective pace programs and the successes they have experienced. these can save on monthly utility.bill tos the tune of tosses of dollars, from the beginning of this process, we wanted to make sure this finance tool had a strong workforce component tied to it. we convened meters with our partners and labor to start discussions with how that work component would look like. it's a key to not getting them job today and keeping th
the local economy a boost in the process. >> there are a lot of other satellite businesses that depend on us growing, too, so this project, you know, there were several hundred people that, you know, went to work bringing the electrical, the construction, all those other pieces here to support our efforts to satisfy our customers. >> reporter: among those other businesses, barry swenson builders, busting out of the construction slump with more tech industry-fueled south bay real estate projects than they've seen in years. >> absolutely. and actually a little by concerned about what we're going to do come late spring. >> reporter: because? >> because we have so much volume at this point, and just want to make sure that we have the right people in the right places to make sure those jobs get done correctly. >> reporter: the busier they are in here, the busier they'll be out here. >> we think it hopefully will continue into the next couple years. >> reporter: gradually building up the local economy. now, the jobless rate for the entire country came in today at 7.0%. the lowest rate we've seen i
further residents in their local economy. the stores of individuals that have chosen to participate in the respective pace programs and the successes they have experienced. these can save on monthly utility.bill tos the tune of tosses of dollars, from the beginning of this process, we wanted to make sure this finance tool had a strong workforce component tied to it. we convened meters with our partners and labor to start discussions with how that work component would look like. it's a key to not getting them job today and keeping them employed but to help them find meaningful careers and new economy ins the green collar economy that continues to grow. we want our local workers to have the skills necessary to take part in that e -- emerging industry. we want to ensure local residents are working on local contracts on local projects so we keep money and workflow within san francisco and continue to boost our local economy. i want to thank pat muligan from city build in particular, for all their hard work in the workforce component on that as well. we are confident that san francisco'
. they are expected to rise slightly to 318,000. in the meantime, a revision to gdp is seen showing the economy grew if a pate of 3.2%. both of those reports will be out at 8:30 eastern time. at 10:00, look for october factory orders. in europe we'll get an interest rate decision from the bank of england at about 7:00 eastern time and one from the ecb at about 7:45. the european central bank is widely expected to leave interest rates unchanged at its final policy meeting of the year. last month, though, policymakers surprised the markets with a cut in the interest rate to a record low of 0.25%. we'll check in with ross westgate in just a few minutes. >>> the dow and the s&p are now on a four-day losing streak. this morning, futures are around the flat line. down by about 2.5 points for the dow, down by 0.5 for the s&p and the nasdaq is up by 4 points. november same-store sales will be coming in throughout the morning. cosco's comps rose by 2% during the month. that was short of what the street had been expecting. you had lower gasoline prices and weak foreign currencies. both of those ended up hurti
"happening now" ♪ ♪ jon: good morning on this wednesday. the president giving a speech on the economy today to talk of obamacare again. all part of a three-week pr blitz to convince americans to sign up and soon. hello, i am jon scott. jenna: i am jenna lee. the presidents common coming on the heels of the enrollment website 631 the website is trying to put the botched rollout behind it. getting that millions of enrollees getting the health care law work. the deadline to sign up for coverage next year is december 23. let's talk about with karl rove, a senior adviser and deputy chief of staff to president george bush. he is also a fox news contributor. that was part of her job when you are there to get the message out and get the programs in the public eye. can the president resell a program that has had such a difficult time? >> they had an enormously bad first impression and it is hard to convince people that this program isn't fundamentally flawed. there's a lot more bad news than there is good news. millions have lost their private insurance coverage and they are finding that when they g
in economy. jobless claims below 300,000, what is this, new strength in america? >> we're going to have to go, the fed said over and over again we're going to need to see three or four months of good economic figures. let me make it as simple as possible. the battle, the war next year, the wages fought on this floor and wall street is between two calms. those that think that qe is responsible for the rise in equity prices and those that think the economy is improving and justifies the rise in equity prices. they're going to battle it out in 2014 and the fed is stuck in the middle. we've got an exciting year ahead of us. stuart: in five seconds, whose side are you on? >> i'm on the side, the qe way outpaced the economy. main street has been left out. stuart: thank you very much, scott shellady. check the big board, here we go, off and running and strong news on the economy and the market has opened lower, pointing to a loss of 30, maybe 40 points when we're fully off and running. now, this, it's the world's largest mobile market. china, 700 million potential subscribers and now apple inked a d
americans back to work is to fix the economy. and we talked about obamacare. he said that he is willing to look at a plan to extend unemployment benefits if the president presents one -- if president obama shows him one, but he said the president has the focus. >> the president is more focused on inkoreaing reliance on programs than creating better jobs. republicans continue to focus on strengthening the economy for middle class citizens. >> a fundamental difference there. republicans saying there are other ways to help americans, democrats pushing for the extension while trying to work on broader economic issues. >> libby casey thank you. >>> tomorrow the labor department releases the jobs numbers for november. >>> some fast-food workers are on the picket line instead of working today. strikes are taking place in in about a hundred cities. the dedemand, higher pay. tonya mosley shares the story of a 35-year-old mother of three raising her family on $9.31 an hour. >> it's 2:00 and mya molina's five-hour shift at kfc is over. she is off to pick up her youngest son from day care before he
. >>> more good news about the economy coming right in time for christmas. we'll tell you all about it in business and tech. >>> plus, bat kid. the sequel. we'll tell you why the caped crusader is coming back to the city by the bay. >>> the classic baby bouncer just got a high-tech makeover. but it's not sitting well with everyone. fisher-price added an ipad holder so kids can play with the gadget while they bounce around. the company calls it the app-tivity seat. but many are slamming it. that's because the american board of pediatrics recommends no screen time for kids under 2. >>> the dow is higher after new data showed the economy is growing, scott mcgrew, much faster than anyone thought. >> good morning. the american economy added 203,000 jobs in the month of november. much bigger than the 180,000 that economists were predicting. this pushes the unemployment rate down to 7%. this is particularly good news in retail. it's good news for construction. and it's really good news for women. as we have seen for quite some time now, women are getting jobs much more quickly than men and
and interview training and all while providing pathways into the economy. as you can see from this photo it's representative of the city many diverse cultures and backgrounds. a little bit about myself i grew up in district 10 and been a resident my whole life and grew up going to 345rg9d king pool. that's the first thing we saw and on your right this is the opera house. those are some of the schools i've attend the elementary school the valley middle school and burton academic high school all within the district. after graduating high school i wanted to be a productive men of the community a cousin of mine gave me information about 9 neighborhood design which is 14 week carpentership program we focused on materials conservatism as well as energy efficiency. it was here that i found out about the green economy through the curriculum which some of you may not have heard of it was developed in part by john's who was a key advisors to obama on the green economy. from that program i was introduced to environment now this is a great picture of us doing outreach. we're the field for the streets.
time. the point i was making, people were terrified. because it seemed like the economy had no bottom and the banks were going down and there was no federal deposit dollars. so imagine a time when we actually had a president who told us we should be courageous rather than trafficked in fear. to his own advantage. there's been a long war on the new deal. it was when roosevelt got started. almost immediately, the more than great realized the lengths he was willing to go. at the beginning, roosevelt didn't understand how far he was going to go. the dupont family and the ones that set up the american liberty league. that was successful because they have unlimited amounts of money. there were so popular, they were not able to stop it. they began to finance right-wing think tanks. they have been successful to the university of chicago economics department and notable fraud such as milton freed man. the idea of neoliberalism is there should be massive, selective tax cuts. margaret thatcher it is there is no alternative. of course that's absurd. there was an alternative. we have to connect th
. third this has big impacts on our economy. it will prove the transportation and health insurance this is a home to oakland. it will continue to serve as a place for folks on the other side of the bay. it's the toll payers who fund this. so we have to give our toll payers a round of sport for this measure (clapping) >> finally i'm so glad with the addition of bike and pedestrian lanes we're moving closer to an integrated mode of transportation that is good for our environment and community. so in closings thank you to everyone in our efforts and it's been eagerly awaited. i've been in the senate and the assembly n for 15 years so i've eagerly awaited this day. rest assured i'll continue to be an advocate in congress even in this is this tough environment for transportation infrastructure. i wish you the best of lick and a very happy labor day. thank you. again (clapping) >> knoll let me introduce our tremendous leader in the california state senate darryl stein beggar. >> good afternoon to leaders from the bay area. when i hear people talk about this bridge and today's events
's everyday reinvesting for your personal economy. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is. 3 million homes. by 2030, investments in energy efficiency could help americans save $300 billion each year. take the energy quiz. energy lives here. i have a great fit with my dentures. i love kiwis. i've always had that issue with the seeds getting under my denture. super poligrip free -- it creates a seal of the dentures in my mouth. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. super poligrip free made the kiwi an enjoyable experience. [ arlie ] try zinc free super poligrip. >>> i'm harris faulkner. this is "the fox report." it is the bottom of the hour. if you're joining us, an american u.s. veteran jailed in north korea is finally home tonight. 85-year-old merrill newman says he tried and he's tired and rea
close friday, they ended what was a pretty big week for the u.s. economy. stocks high, unemployment low, and the economy growing better than anyone expected. zane asher is in new york with what it means and how it all happened. >> reporter: fredricka, it was a big week for the economy. car sales rose, new-home sales roared and the unemployment rate dropped to 7%, the lowest since 2008. and it fell for positive reasons, because people are finding work. earlier this year, the unemployment rate declined because a lot of people got discouraged, gave up looking for work and weren't counted, but the opposite seems to be happening. it's added more jobs since 2005 and the gains are not in low-wage sectors. a lot of hiring in health care, transportation, professional services like accountants and travel agents. wages are also up and americans are working more hours. the list goes on. the report pushed the dow up nearly 200 points friday. wall street is thinking the federal reserve will reduce the stimulus program soon. certainly a sign the economy is ready to stand on its own two feet. but remem
careers and new economy ins the green collar economy that continues to grow. we want our local workers to have the skills necessary to take part in that e -- emerging industry. we want to ensure local residents are working on local contracts on local projects so we keep money and workflow within san francisco and continue to boost our local economy. i want to thank pat muligan from city build in particular, for all their hard work in the workforce component on that as well. we are confident that san francisco's program can now move forward and be successful. we've seen countless programs up and down the state of california and nationwide operates successfully now for years with no threat of it being shut down, we want to protect property owners and give them the comfort they need to part pate. our governor jerry brown passed in his budget reserve funds that will address sfha concerns and make sure that they are not impacted by pace impacts mere in san francisco, we will be participate ining the state reserve fund so that our property owners are fully perked. green finance sf is the e
is a record for this country. >> the president cites staps showing the economy's income gap is getting wider. >>> recordings from the 911 sandy hook elementary school were released. dispatchers urged callers to take cover as gunshots could be heard. al jazeera america will not play the audio of the 911 calls. >> police in mexico recovered a dangerous truck carrying radio active material. in the back a compound, cobalt-60. no arrests have been made, but anyone who touched it could die. >> four students at the university of the california, santa barbara recovered. many are worried about the outbreak and whether it will spread. it is allowing people to use a vaccine not approved in the united states. those are the headlines. "america tonight" is next. get the latest online at aljazeera.com. i'll see you back here tomorrow night. wells trapped this >> on "america tonight," in the world's richest nation, why is it so hard for so many to make a decent living? we will look at wealth, poverty and why a minimum wage just isn't enough. >> gas is up. hiring is up but our wages aren't up. >> south of th
are furious about the failure to sign a trade deal with eu and turn to moscow to save the economy. >> translator: i want a new government that listens to the people and doesn't treat us like animals. >> translator: we are here to fight for our rights and our kids are brought up in a good country without corruption and where everything is fair. >> reporter: the crisis here is reaching a crucial moment and he believes he can survive with moscow's help but they are ready for a long fight to achieve aims and i'm tim friend with al jazeera. >> leaders lack constitutional power to oust the government before the presidential election in 2015. a riot breaks out in singapore's little india district after an india national was struck and killed by a bus. crowds attached police and set cars on fire and dozens were injured and 27 people were arrested. it was singapore's first major riot in four decades. and the president of venezuela won half of the elections on sunday and held control in the oil city and the capitol caracas and inflation is 54% and power outages and shortages of necessiti
that the economy needs to keep going? >> it could be. don't forget the manufacturing survey was very strong. manufacturing is right now ash the surveys are coming back better than they were before. construction and manufacturing are adding about 45,000 jobs of the 200,000 count. that means it is a broad based increase in jobs. >> when you talk about manufacturing and construction, that broad-based incentive, that is going to translate, i would imagine, into the housing market as well, i would imagine. >> one of the keys to getting the unemployment rate down -- that is why the fed keeps pushing. they want the unemployment rate comeback. we lost construction jobs during the session. jobsyear we have created back. this is evidence that construction is going to add more and more. the jobs count will stay higher. >> chief financial economist joining. good to have you. looking for job? turn to thetime to tech industry. we will have that story when bottom line continues in just one moment. ♪ >> welcome back. let's show you how the equity markets finished the session for december 6, 2013. halting
stories. >> one family with a net worth -- >> the president says the economy income gap is threatening a dream. he says one solution would be an increase in the minimum wage. >>> thousands say they won't show up for work tomorrow. a one-day strike to demand higher pay is expected in more than 100 cities. workers average $9 an hour. 40 wells trapped this >> on "america tonight," in the world's richest nation, why is it so hard for so many to make a decent living? we will look at wealth, poverty and why a minimum wage just isn't enough. >> gas is up. hiring is up but our wages aren't up. >> south of the border, the mexican city fighting off drug and gang violence to give its young people a brighter future. >>> and beckham and the boys, the story behind manu and the class of '92. kiesh >>> good evening. thanks for joining us. i am joie chen. we begin looking at struggles of cities and workers and the future of both. money, how cities balance their economic needs and can protect their citizens. case in point, a fight for a living wage which has quietly quietly grown from a city by city mov
on the website, go to c-span.org. the u.s. economy added 203,000 jobs last month in the unemployment rate fell to seventh that is the lowest since november of 2008 and exceeds analysts predictions. the department releasing figures earlier today. house speaker john boehner released a number on the jobless number and said in part the report includes positive signs that should discourage the calls for more emergency government stimulus and instead with the economy needs is more progrowth solutions to get the government out of the way. begins when out at the end of the year unless congress oks the extension. yesterday the democratic steering committee held a hearing about the issue and heard from several people who face the loss of unemployment checks. here is a part of that meeting. >> i have worked my entire adult life having had three jobs i whole career. and i've never been on employed until now. as soon as i lost my job, i immediately began my furious search for employment and began navigating the world of online board, job boards and diligently networking. my goal was to place my resume in t
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